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228 West Dilido LLC Purchases Land On Biscayne Bay From Charles Holzer For $17.88M

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SOLD
$17,880,000

Florida

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Land21,000 SF
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SOLD

228 West Dilido LLC Purchases Land On Biscayne Bay From Charles Holzer For $17.88M

302 West Dilido Drive

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Land21,000 SF
Sold
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Summary

FLORIDA
Asset Type:Land
Price Per Square Foot:$851
Total Square Footage:21000 SF
Transaction Type:Sale

A vacant double-lot land property located at 228 & 302 West Dilido Drive in Miami Beach has been sold for $17,880,000. The combined square footage of the land is 21,000, translating to a price per square foot of $851. The land is situated on Biscayne Bay and includes approved plans for either one 11,000 square foot home or two 5,500 square foot homes.

Summary of transaction details:

  • Property Type: Land
  • Transaction Amount: $17,880,000
  • Buyer: 228 West Dilido LLC
  • Seller: Charles Holzer - Worth Capital Holdings
  • Broker: Dora Puig - Luxe Living Realty
  • Lender: Asset Recovery Management
  • Square Footage: 21,000
  • Price Per Square Foot: $851

The transaction involved key individuals such as the buyer represented by 228 West Dilido LLC and the seller Charles Holzer, who is affiliated with Worth Capital Holdings. The broker for the deal was Dora Puig from Luxe Living Realty, while financing was secured through a loan from Asset Recovery Management.

Players

Dora Puig
77 deals$1.1B volume(305) 613-2118
BROKER

Dora Puig
Luxe Living Realty
77 deals$1.1B volume(305) 613-2118
BROKER


LENDER

Details

SOLD
IMAGE: Dora Puig & Charles Holzer DATE: 09/10/2025 ADDRESS: 228 & 302 West Dilido Drive MARKET: Miami Beach ASSET TYPE: Land BUYER: 228 West Dilido LLC SELLER: Charles Holzer - Worth Capital Holdings BROKER: Dora Puig (@DoraPuig) - Luxe Living Realty (@LuxeLivingMiami) LENDER: Asset Recovery Management SALE PRICE: $17,880,000 SF: 21,000 ~ PPSF: $851 NOTE: A vacant 21,000 SF double-lot on Biscayne Bay in Miami Beach sold for $17.88M, or $851/SF, to 228 West Dilido LLC, backed by a $10M loan from Asset Recovery Management. The site, previously owned by Charles Holzer’s entity, includes approved plans for one 11,000 SF home or two 5,500 SF homes.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$63,523.87
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